Scout RFP raises $15.5 million to help companies manage purchases

June 7, 2017

Running a company is expensive. And it’s more than just the product and employee costs that add up.

From furniture to electronics, there’s a lot of day-to-day corporate spending that can be hard to keep tabs on. That’s why procurement software has become a big business.

Investors are betting that Scout RFP will emerge as a leader in the space. Menlo Ventures is leading a $15.5 million Series B round in the company, with participation from NEA. Matt Murphy from Menlo is also joining the board.

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